The Oil World Is Splintering — And America Has The Backup Plan

The ongoing Iran war is disrupting global oil flows, particularly affecting Asia's crude imports, which are at their lowest since 2016. In response, refiners are increasingly sourcing U.S. crude, with President Trump noting that large oil tankers are arriving at U.S. ports to purchase American oil. U.S. crude production is projected to reach 13.6 million barrels per day by 2025, surpassing Russia and Saudi Arabia combined. The integration of Venezuelan heavy crude into the U.S. supply chain is further bolstering exports, while Russia is also benefiting from the situation by increasing oil exports to Saudi Arabia and India.